Xylem Acquires MultiTrode Pty Ltd.
Xylem Inc. has acquired MultiTrode Pty Ltd., a privately held Australia-based water and wastewater technology and services company, for approximately $26 million. The actual terms of the transaction were not disclosed.
With its advanced monitoring and control technologies, MultiTrode helps municipal and private water and wastewater authorities realize significant savings on operating costs—reducing energy consumption, call-outs, failures and overflows. MultiTrode’s technology and services portfolio includes pump station controllers and supervisors, level-sensing devices, web-based monitoring services, supervisory control and data acquisition (SCADA) software, panels and engineering and integration services.
“As a standalone water company, an essential part of Xylem’s growth strategy is to acquire companies that complement our own technology and geographic presence to better meet the evolving needs of our customers,” said Gretchen McClain, Xylem's president and chief executive officer. “MultiTrode’s state-of-the-art and scalable platform builds on Xylem’s robust monitoring and control capability and will enable us to commercialize future products for the water and wastewater markets more quickly. By combining the insights gained through Xylem’s industry-leading installed base with MultiTrode’s technology, we will further position Xylem as a trusted source to solve our customers’ dynamic challenges through the efficient
Source: Xylem Inc.
